New ATF pricing method on cards; airlines eye relief

India may soon have a new mechanism to price air turbine fuel (ATF) for domestic airlines which will bring more parity between global crude price and ATF price in India.

This, say airline executives, may take down the cost of ATF by at least 15% and will be a big boost for ailing Indian carriers for whom ATF consists of 40% of total cost of operations. ATF prices have seen more than 50% hike since January.